Thursday, October 30, 1960
Officials Rally Behind Commissioner
INSURANCE... Hie stage
was set last week for a new
war between the stat’s in
surance industry and N. C.
Insurance Commissioner
John Ingram. Only this time
it appears that the com
missioner will have the
backing of sometime foes
Gov. Jim Hunt and Atty.
Gen. Rufus Edmisten.
The rallying point for
three of the state’s best
known officeholders is the
recent decision by the N. C.
Reinsurance Facility to add
an 8.3 per cent surcharge to
all automobile insurance
policies.
According to Com
missioner Ingram, that
decision is in direct con
tradiction and “totally
ignores” a N.C. Court of
Appeals opinion passed
down last week that said
such “surcharges” by the
insurance industry are
actually insurance “rates”.
State law requires that all
“rate” increases are to be
brought before the In
surance Commissioner
before being passed on to
the consumer.
The Reinsurance Facility
has decided also to appeal
A AND A GOLD EXCHANGE OFFERS
INSTANT CASH
i WE PAY THE TOP PRICE FOR GOLD & SILVER I
S GOLD THURS.-FRI.-SAT.-SUN. SILVER !
D CUSS KINGS n „ ,„ M silver coins I
““ COACH HOUSE INN, ROOM 30 §§=■• :
WATCH CASES Kennedy Halves 1965 to 1969 p
WEDDING BANDS sterling silver
TABLEWARE & JEWELRY
brooches we guarantee these prices forks - N=
GOLD TEETH CLASS RINGS 14K 10K I CUPS RINGS
Any Items Marked Very Small (8g) $ 31,00 ANYTHING MARKED
10K * 14K -18 K Average (23g) 118.00 89.00 STERLING
1U Large ( 32g) 164.00 123.00
REGARDLESS OF CONDITION Oversizes )50g) 237.00 192.00
WEDDING BANDS 18K 14K
Very Small ( sg) $ 40.00 $ 26.00
Average ( 7g) 54.00 36.00
Large (11 g) 85.00 57.00
Oversized (15g) 116.00 77.00
4 DAYS ONLY IL_= <' 2 DAYS ONLY
I
H Coup on ||
ll f| A and A Gold Exchange i £
I I lurs ' * r ' - Sat- /
f Qilng this coupon with you and a CasA Bonus
m' & dilttt/l €UtcC a* id vr«
the court’s decision on the
definition of insurance rates
and surcharges.
Lawyers for Gov. Hunt,
Commissioner Ingram, and
Atty. Gen. Edmisten are
meeting in Raleigh this
week to decide the proper
course of action in obtaining
a court injunction against
the surcharge.
Gov. Hunt accused the
Reinsurance Facility last
Friday of “blatant
disregard for the public and
the courts.”
Apparently the vote in
favor of a surcharge by the
facility’s board at a meeting
in Southern Pines came as a
complete surprise to state
leaders.
“We heard something was
up and sent one of our at
torneys down to the meeting
just to observe - and that’s
how we found out about the
new surcharge,” said Oscar
Smith, public information
officer for the Department
of Insurance.
CAMPAIGNS ... During
the last full week of cam
paigning before the Nov. 4
election, most of the can
didates for the state’s
highest offices are busy
shaking hands, but it is
unlikely that any of the
handshaking will change the
outcome of the various
elections - at least not in
North Carolina.
Gov. Hunt appears to have
his race for a second term
locked up as he has almost
since the 1977 decision by
the voters to allow the
governor and lieutenant
governor to serve con
secutive terms. “Recent”
Republican, candidate Bev
Lake has had little luck in
securing support against
politically astute Hunt and
against probably the best
grassroots organization this
state has ever seen.
Lt. Gov. Jimmy Green,
who suffered the slimmest
of victories against Speaker
Carl Stewart in the
Democratic Primary,
seems to be a sure winner
against Republican Bill
COlbey.
Other Democratic Council
of State officeholders who
are being challenged by
Republicans are also almost
certain to go back into of
fice.
The State Auditors office,
up for grabs with. Henry
THE CHOWAN HERALD
Bridges retirement, will
apparently go to former
State Senator Ed Renfrow, a
Democrat.
Still predicted to win, but
suffering most at the hands
of the Republicans and their
mass-mail fundraising
techniques, is Democratic
Sen. Robert Morgan.
Republican candidate John
East, a political science
professor from East
Carolina University, has
taken the race straight to
Morgan and even at this
late date, he is given a
darkhorse chance of win
ning.
Twine Wins
Hubba Bubba
Bubble Contest
Arlene Twine, a Sixth
Grade student at Chowan
Junior High School, was the
winner of a recently held
Hubba Bubba Bubble
Contest. Her nearly eight
inch bubble won her a 10-
speed bike.
The contest was spon
sored by Macks in Northside
Shopping Center.
Hk HkDtfiXStPG
BtegxsGti -80a® [Rs®ipC®
CLEANING UP HAZARDOUS WASTES
Just before the Congress adjourned for the November
elections, the House of Representatives passed two bills
aimed at cleaning up abandoned chemical dumps and oil
and chemical spills. Soon the Senate will have to consider
this matter, known as the “Superfund” legislation.
There is disagreement over how many old chemical
dumps are dangerous and need cleaning up. The
Environmental Protection Agency says there may be as
many as 2,000. Other evidence suggests the number may be
as low as 400.
But even one abandoned dump site can cause
substantial damage. Take Love Canal in Niagara Falls,
New York for example.
• The legislation passed by the House would set up a
51.2 billion fund for cleaning up the 100 most dangerous
dump sites in the country, and two 5375 million funds to
dea| with future oil and chemical spills in our navigable
waterways. Most of this money would come from fees on the
oil and chemical industries.
The Senate bill is even larger in scope, but it may go
further than is needed or desirable. The debate in the
Senate should begin after the elections. Some kind of
Federal legislation is needed in this area. The oil and
chemical industries themselves testify to that.
When the first European explorers arrived in
America, there were about 800,000 Indians.
Wood Heads Society
RALEIGH Former
State Sen. George Wood
from Camden has been
elected President of the
North Carolina Division,
American Cancer Society.
Sen. Wood succeeds Dr.
Richard Hardin, Family
Practioner from Edenton,
in this position.
Dr. James E. Davis, of
Durham, first vice
president, was elected
Chairman of the Board of
Directors. Other Division
officers elected were: W. C.
Calton, first vice president;
Avery W. McMurry, second
vice president, Walter B.
Love, Jr., third vice
president; Rev. Walter L.
Hitchcock, Jr., Crusade
chairman; Mrs. Monta
Curry, honorary Crusade
chairman; Mrs. Harvey J.
Peanut Trading Is Halted
Southeastern Section
No trading reported.
Shelters not making any
offers. Weather has been
nearly ideal during the
latter part of the week and
harvest was progressing
actively. Low yields, quality
problems, and segregation
three peanuts were reported
for many areas of the
Page 15-B
Dublin, secretary; J. T.
Lindley, treasurer; H. John
Hatcher, Jr., assistant
secretary and treasurer and
John R. Jordan, Jr., cor
porate attorney.
Hi" f : I If
-1 mjfw jgj
George Wood
Southeast. Digging and
threshing indicated to be
well over half completed.
Virginia-North Carolina
No trading was reported
with no offers from shellers.
Most mills, which were
stopped on account of the
rain interrupting harvest,
now operating again. Area
Continued On Page 15-B